Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Rs. 44.5 million fraud at Lanka Canneries is being investigated by CID
Tue, Feb 12, 2013, 12:10 am SL Time, ColomboPage News Desk, Sri Lanka.

Feb 11, Colombo: A financial fraud that has taken place at the Lanka Canneries to the tune of Rs. 44.5 million is being investigated by the Criminal Investigations Department (CID) of police, the company authorities said.

Hunter & Company, the parent company of Lanka Canneries, informed the Colombo Stock Exchange (CSE) that a forensic audit performed by the KPMG has discovered the fraud amounting to Rs. 44.5 million.

Lanka Canneries is in the process of making a complaint to the CID and will take action against those responsible, the statement said. It added that every effort will be taken to recover the funds misappropriated.

Lanka Canneries, the former Marketing Department, establishment is a 90% owned subsidiary of Health & Company which in turn is a 90.9% subsidiary Hunter & Company.



ColomboPage - Recent 10 Stories
Sri Lanka Navy chief advises strengthening maritime security through a proactive strategy
Sri Lankan government not to accept money from tobacco companies
Sri Lanka to hold National Anti-Corruption Summit in Colombo
Sri Lanka AG withdraws case against Basil Rajapaksa
Jayalalithaa did much to establish a strong sense of fellowship between India and Sri Lanka - PM
Sri Lanka negotiating release of nine sailors in Yemen
Sri Lankan President condoles the demise of Tamil Nadu politician Jayalalithaa
Sri Lanka tourist arrivals increase 16 percent in November 2016
Sri Lanka Tourism kicks off an underground campaign in UK train stations
No cuts of funds from budget for Provincial Councils - Finance Minister

Copyright © 2000, 2012 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.